Thailand Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Thailand Crawler Excavator Market Report
Thailand crawler excavator market is growing at a CAGR of 5.98% during the period 2021-2027
The demand in the Thailand crawler excavators market fell by 18% in 2020, but unit sales are projected to recover to pre-covid levels by 2023, assuming geopolitical stability. Public investment is projected to remain a key driver in the Thailand market, increasing over the next few years, in line with the government’s infrastructure plans to attract private investment.
The report considers the present scenario of the Thailand crawler excavator market in Indonesia and its market dynamics for the forecast period 2021?2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with segment analysis of the Indonesia crawler excavator market.
KEY HIGHLIGHTS FROM THE REPORT
Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco are the major vendor in the Thailand crawler excavator market. Komatsu is strategizing to set up manufacturing units in those countries where its products are sold. The company can establish a global network of production and sales in the market. Due to intense competition in technology and design, excavator makers are marketing their devices vigorously, focused on technologically innovative features and a wide variety of attachments.
Major Vendors
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of
o Volume (Unit sales)
1. What is the unit volume of the Thailand crawler excavator market in 2026?
2. Who are the top players in the Thailand crawler excavator market?
3. Which segment accounted for the largest crawler excavator market share?
4. What is the growth of Thailand’s mini excavator market?
5. What are the favorable government regulations enabling crawler excavator market growth in Thailand?
Thailand crawler excavator market is growing at a CAGR of 5.98% during the period 2021-2027
The demand in the Thailand crawler excavators market fell by 18% in 2020, but unit sales are projected to recover to pre-covid levels by 2023, assuming geopolitical stability. Public investment is projected to remain a key driver in the Thailand market, increasing over the next few years, in line with the government’s infrastructure plans to attract private investment.
The report considers the present scenario of the Thailand crawler excavator market in Indonesia and its market dynamics for the forecast period 2021?2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with segment analysis of the Indonesia crawler excavator market.
KEY HIGHLIGHTS FROM THE REPORT
- Manufacturers are making operational advances in their excavator motors, hydraulic systems, structure, tracks, and cab construction to improve their telematics fuel efficiency and competitiveness.
- Thailand is the preferred investment location due to its excellent digital infrastructure, highly skilled labour force, and high quality of living, boosting the growth of the crawler excavator market.
- The crawler excavator market moves towards an innovative industry by switching to intelligent systems driven by IoT and data analysis for service, networking, and sustainability.
- Increasing investment in road construction, housing projects, and Smart Cities projects is expected to spike medium excavators' demand.
- Excavators used in the construction industry accounted for the largest share of around 42% due to huge government expenditure on the construction project.
- Thailand's crawler excavator market demand is majorly driven by mining activities expected to show significant growth across the country.
- Caterpillar strategizes to deliver high-quality power systems and machines by focusing on implementing defect-free initiatives in the country.
- Due to the high procurement and maintenance cost of excavators, rentals are preferred by the contractors; thus, the rental segment will rise eventually.
Caterpillar, Komatsu, Hitachi Construction Machinery, JCB, Hyundai Construction Equipment (HCE), SANY, Doosan Excavator, Volvo Construction Equipment, and Kobelco are the major vendor in the Thailand crawler excavator market. Komatsu is strategizing to set up manufacturing units in those countries where its products are sold. The company can establish a global network of production and sales in the market. Due to intense competition in technology and design, excavator makers are marketing their devices vigorously, focused on technologically innovative features and a wide variety of attachments.
Major Vendors
- Caterpillar
- Komatsu
- Hitachi Construction Machinery
- JCB
- Hyundai Construction Equipment (HCE)
- SANY
- Doosan Excavator
- Volvo Construction Equipment
- and Kobelco
- Sumitomo Construction Machinery
- Xuzhou Construction Machinery Group Co., Ltd. (XCMG
- Leeboy
- Kubota Machinery
- Ingersoll Rand
- Liebherr Group
- OEMs are majorly focusing on medium crawler excavators as this range is witnessing major demand in the recent past, and it is further expected to boost during the forecast period.
- Thailand crawler excavator market revenue by agriculture is expected to reach USD 76.3 million by 2027, growing at a CAGR of 6.43%.
- With the emergence of remote operation of excavators deep down in mines and the advent of 5G technology, the demand for excavators used in mining is expected to boost as it is comparatively safer to operate excavators from a distance.
- Thailand’s mini crawler excavator market is expected to reach 2,990 units by 2027, growing at a CAGR of 6.47%.
- Mini (
- Small (6-25 tons)
- Medium (25-40 tons)
- Large (>40 tons)
- Mining
- Construction
- Agriculture
- Forestry
- Others
- 61-101 HP
- 102-200 HP
- >201 HP
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of
o Volume (Unit sales)
- Type
- Excavator Type and Operating Weight
- Application
- Gross Power Output
- Type
- Excavator Type and Operating Weight
- Application
- Gross Power Output
- Gain competitive intelligence about the economic scenario, advantages in Thailand, major projects and investments, market dynamics, and market share
- Examples of latest technologies
- Get presentation-ready format and easy-to-interpret data.
- Enable decision-makers to make informed and profitable choices
- Gain expert quantitative and qualitative analysis on value/volume growth projections of the Thailand crawler excavator market share
- Complete supply chain analysis
- Get COVID-19 impact analysis of the market
- Company Profile of 15 major vendors
1. What is the unit volume of the Thailand crawler excavator market in 2026?
2. Who are the top players in the Thailand crawler excavator market?
3. Which segment accounted for the largest crawler excavator market share?
4. What is the growth of Thailand’s mini excavator market?
5. What are the favorable government regulations enabling crawler excavator market growth in Thailand?
SECTION 1 – INTRODUCTION
Market Snapshot
Executive Summary
SECTION 2 – THE MARKET OVERVIEW
Economic Scenario, Advantage Thailand, Equipment Financing
SECTION 3- TECHNOLOGICAL ADVANCES
Technology Adoption by Major Vendors with Examples
SECTION 4 MARKET DYNAMICS
Market Drivers, Restraints, Trends
SECTION 5 – THAILAND CRAWLER EXCAVATOR MARKET (TYPE & OPERATING WEIGHT)
1. THAILAND CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY TYPE (OPERATING WEIGHT)
Mini Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Small Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Medium Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Large Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
2. THAILAND CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY APPLICATION
Crawler Excavator, Construction, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Mining, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Agriculture, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Forestry, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Others, Market Size and Forecast, Volume & Value, 2018-2027
3. THAILAND CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY GROSS POWER
Crawler Excavator Market by Gross Power Output, <60 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, 61 hp-101 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, 102 hp-200 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, >201 hp, Volume & Value, 2018-2027
SECTION 6 – MARKET LANDSCAPE
1. SUPPLY CHAIN ANALYSIS
2. KEY HIGHLIGHTS
3. COVID-19 IMPACT ANALYSIS
SECTION 7 – COMPETITIVE LANDSCAPE
1. COMPANY PROFILE OF MAJOR VENDORS (KOMATSU, HITACHI CONSTRUCTION MACHINERY, KOBELCO, CATERPILLAR, HYUNDAI CONSTRUCTION EQUIPMENT, DOOSAN, JCB, SANY, VOLVO CONSTRUCTION EQUIPMENT)
2. OTHER PROMINENT VENDORS
SECTION 8 – DISTRIBUTOR PROFILE
1. PROFILE OF MAJOR DISTRIBUTORS (ITALTHAI INDUSTRIAL, ARIYA EQUIPMENT, LEADWAY HEAVY MACHINERY, METRO MACHINERY, AKTIO)
SECTION 9 – REPORT SUMMARY
1. KEY INSIGHTS
SECTION 10 – APPENDIX
1. RESEARCH METHODOLOGY
2. RESEARCH OBJECTIVE
3. MARKET DEFINITION, INCLUSION & EXCLUSION
Market Snapshot
Executive Summary
SECTION 2 – THE MARKET OVERVIEW
Economic Scenario, Advantage Thailand, Equipment Financing
SECTION 3- TECHNOLOGICAL ADVANCES
Technology Adoption by Major Vendors with Examples
SECTION 4 MARKET DYNAMICS
Market Drivers, Restraints, Trends
SECTION 5 – THAILAND CRAWLER EXCAVATOR MARKET (TYPE & OPERATING WEIGHT)
1. THAILAND CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY TYPE (OPERATING WEIGHT)
Mini Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Small Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Medium Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
Large Crawler Excavator, Market Size and Forecast, Volume & Value, 2018-2027
2. THAILAND CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY APPLICATION
Crawler Excavator, Construction, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Mining, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Agriculture, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Forestry, Market Size and Forecast, Volume & Value, 2018-2027
Crawler Excavator, Others, Market Size and Forecast, Volume & Value, 2018-2027
3. THAILAND CRAWLER EXCAVATOR MARKET BY EXCAVATOR MARKET BY GROSS POWER
Crawler Excavator Market by Gross Power Output, <60 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, 61 hp-101 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, 102 hp-200 hp, Volume & Value, 2018-2027
Crawler Excavator Market by Gross Power Output, >201 hp, Volume & Value, 2018-2027
SECTION 6 – MARKET LANDSCAPE
1. SUPPLY CHAIN ANALYSIS
2. KEY HIGHLIGHTS
3. COVID-19 IMPACT ANALYSIS
SECTION 7 – COMPETITIVE LANDSCAPE
1. COMPANY PROFILE OF MAJOR VENDORS (KOMATSU, HITACHI CONSTRUCTION MACHINERY, KOBELCO, CATERPILLAR, HYUNDAI CONSTRUCTION EQUIPMENT, DOOSAN, JCB, SANY, VOLVO CONSTRUCTION EQUIPMENT)
2. OTHER PROMINENT VENDORS
SECTION 8 – DISTRIBUTOR PROFILE
1. PROFILE OF MAJOR DISTRIBUTORS (ITALTHAI INDUSTRIAL, ARIYA EQUIPMENT, LEADWAY HEAVY MACHINERY, METRO MACHINERY, AKTIO)
SECTION 9 – REPORT SUMMARY
1. KEY INSIGHTS
SECTION 10 – APPENDIX
1. RESEARCH METHODOLOGY
2. RESEARCH OBJECTIVE
3. MARKET DEFINITION, INCLUSION & EXCLUSION
LIST OF EXHIBITS
Exhibits 1 Thailand Crawler Excavator Market by Volume (Unit Sales) 2018-2027
Exhibits 2 Thailand Crawler Excavator Market by Volume (Unit Sales) 2018-2027
Exhibits 3 Thailand Crawler Excavator Market by Value ($ MN) 2018-2027
Exhibits 4 Thailand Crawler Excavator Market by Application 2020 (% volume share)
Exhibits 5 Thailand Crawler Excavator Market by Type (Operating Weight) 2018-2027 (Unit Sales)
Exhibits 6 GDP of Thailand 2015-2019 ($ BN)
Exhibits 7 Government Investments in Different Sectors ($ MN)
Exhibits 8 Gross Regional Products (% Of Total) 2016
Exhibits 9 Real GDP Growth CAGR 2011-2016
Exhibits 10 GPP PER CAPITA (1000 baht/year) 2016
Exhibits 11 Major Investing Countries
Exhibits 12 Thailand's FDI Inflow ($ BN)
Exhibits 13 Thailand's Ease of Doing Business Rank
Exhibits 14 Spending on transport infrastructure (road, rail, sea, and airports) in US$ Bn
Exhibits 15 Thailand Crawler Excavator Market by Excavator Type 2018-2027 (Unit Sales)
Exhibits 16 Thailand Crawler Excavator Market by Gross Power Output 2018-2027 (Unit Sales)
Exhibits 17 Thailand Crawler Excavator Market by Application 2018-2027 (Unit Sales)
Exhibits 18 Thailand Mini Excavator Market 2018–2027 (Unit Sales)
Exhibits 19 Thailand Mini Crawler Excavator Market 2018–2027 ($ MN)
Exhibits 20 Thailand Medium Excavator Market 2018–2027 (Unit Sales)
Exhibits 21 Thailand Medium Excavator Market 2018–2027 ($ MN)
Exhibits 22 Thailand Large Excavator Market 2018–2027 (Unit Sales)
Exhibits 23 Thailand Large Excavator Market 2018–2027 ($ MN)
Exhibits 24 Thailand Crawler Excavator Market by Construction 2018–2027 (Unit Sales)
Exhibits 25 Thailand Crawler Excavator Market by Construction 2018–2027 ($ MN)
Exhibits 26 Thailand Crawler Excavator Market by Mining 2018–2027 (Unit Sales)
Exhibits 27 Thailand Crawler Excavator Market by Mining 2018–2027 ($ MN)
Exhibits 28 Thailand Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)
Exhibits 29 Thailand Crawler Excavator Market by Agriculture 2018–2027 ($ MN)
Exhibits 30 Thailand Crawler Excavator Market by Forestry 2018–2027 (Unit Sales)
Exhibits 31 Thailand Crawler Excavator Market by Forestry 2018–2027 ($ MN)
Exhibits 32 Thailand Crawler Excavator Market by Others 2018–2027 (Unit Sales)
Exhibits 33 Thailand Crawler Excavator Market by Others 2018–2027 ($ MN)
Exhibits 34 Thailand Gross Power Output <60 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 35 Thailand Gross Power Output <60 HP Excavator Market 2018–2027 ($ MN)
Exhibits 36 Thailand Gross Power Output 61 HP-101 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 37 Thailand Gross Power Output 61 HP-101 HP Excavator Market 2018–2027 ($ MN)
Exhibits 38 Thailand Gross Power Output 102 HP-200 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 39 Thailand Gross Power 102 HP-200 HP Excavator Market 2018–2027 ($ MN)
Exhibits 40 Thailand Gross Power Output >201 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 41 Thailand Gross Power Output >201 HP Excavator Market 2018–2027 ($ MN)
Exhibits 42 Caterpillar-Total Sales And Revenue By Segment 2019 ($ Billion)
Exhibits 43 Komatsu-Total Sales And Revenue By Segment 2019 (%)
Exhibits 44 Hitachi-Total Sales And Revenue By Segment 2019-2020 (%)
Exhibits 45 Hyundai-Total Sales And Revenue By Segment 2019-2020 (%)
Exhibits 46 JCB-Total Sales And Revenue By Segment 2019-2020 (%)
Exhibits 1 Thailand Crawler Excavator Market by Volume (Unit Sales) 2018-2027
Exhibits 2 Thailand Crawler Excavator Market by Volume (Unit Sales) 2018-2027
Exhibits 3 Thailand Crawler Excavator Market by Value ($ MN) 2018-2027
Exhibits 4 Thailand Crawler Excavator Market by Application 2020 (% volume share)
Exhibits 5 Thailand Crawler Excavator Market by Type (Operating Weight) 2018-2027 (Unit Sales)
Exhibits 6 GDP of Thailand 2015-2019 ($ BN)
Exhibits 7 Government Investments in Different Sectors ($ MN)
Exhibits 8 Gross Regional Products (% Of Total) 2016
Exhibits 9 Real GDP Growth CAGR 2011-2016
Exhibits 10 GPP PER CAPITA (1000 baht/year) 2016
Exhibits 11 Major Investing Countries
Exhibits 12 Thailand's FDI Inflow ($ BN)
Exhibits 13 Thailand's Ease of Doing Business Rank
Exhibits 14 Spending on transport infrastructure (road, rail, sea, and airports) in US$ Bn
Exhibits 15 Thailand Crawler Excavator Market by Excavator Type 2018-2027 (Unit Sales)
Exhibits 16 Thailand Crawler Excavator Market by Gross Power Output 2018-2027 (Unit Sales)
Exhibits 17 Thailand Crawler Excavator Market by Application 2018-2027 (Unit Sales)
Exhibits 18 Thailand Mini Excavator Market 2018–2027 (Unit Sales)
Exhibits 19 Thailand Mini Crawler Excavator Market 2018–2027 ($ MN)
Exhibits 20 Thailand Medium Excavator Market 2018–2027 (Unit Sales)
Exhibits 21 Thailand Medium Excavator Market 2018–2027 ($ MN)
Exhibits 22 Thailand Large Excavator Market 2018–2027 (Unit Sales)
Exhibits 23 Thailand Large Excavator Market 2018–2027 ($ MN)
Exhibits 24 Thailand Crawler Excavator Market by Construction 2018–2027 (Unit Sales)
Exhibits 25 Thailand Crawler Excavator Market by Construction 2018–2027 ($ MN)
Exhibits 26 Thailand Crawler Excavator Market by Mining 2018–2027 (Unit Sales)
Exhibits 27 Thailand Crawler Excavator Market by Mining 2018–2027 ($ MN)
Exhibits 28 Thailand Crawler Excavator Market by Agriculture 2018–2027 (Unit Sales)
Exhibits 29 Thailand Crawler Excavator Market by Agriculture 2018–2027 ($ MN)
Exhibits 30 Thailand Crawler Excavator Market by Forestry 2018–2027 (Unit Sales)
Exhibits 31 Thailand Crawler Excavator Market by Forestry 2018–2027 ($ MN)
Exhibits 32 Thailand Crawler Excavator Market by Others 2018–2027 (Unit Sales)
Exhibits 33 Thailand Crawler Excavator Market by Others 2018–2027 ($ MN)
Exhibits 34 Thailand Gross Power Output <60 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 35 Thailand Gross Power Output <60 HP Excavator Market 2018–2027 ($ MN)
Exhibits 36 Thailand Gross Power Output 61 HP-101 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 37 Thailand Gross Power Output 61 HP-101 HP Excavator Market 2018–2027 ($ MN)
Exhibits 38 Thailand Gross Power Output 102 HP-200 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 39 Thailand Gross Power 102 HP-200 HP Excavator Market 2018–2027 ($ MN)
Exhibits 40 Thailand Gross Power Output >201 HP Excavator Market 2018–2027 (Unit Sales)
Exhibits 41 Thailand Gross Power Output >201 HP Excavator Market 2018–2027 ($ MN)
Exhibits 42 Caterpillar-Total Sales And Revenue By Segment 2019 ($ Billion)
Exhibits 43 Komatsu-Total Sales And Revenue By Segment 2019 (%)
Exhibits 44 Hitachi-Total Sales And Revenue By Segment 2019-2020 (%)
Exhibits 45 Hyundai-Total Sales And Revenue By Segment 2019-2020 (%)
Exhibits 46 JCB-Total Sales And Revenue By Segment 2019-2020 (%)
LIST OF TABLES
Table 1 Government infrastructure development projects
Table 2 Major investments in different sectors
Table 3 Investment in Roads & Highways
Table 4 Investment in Rail
Table 5 Investment in Port & Marine Transportation
Table 6 Investment in Hospital & Healthcare
Table 7 Major Investing Countries
Table 8 Sectors Driving Investment
Table 9 Thailand: Operational Hydraulic Excavators by User Type (2015)
Table 10 Capital cost of excavators
Table 11 Key Insights
Table 1 Government infrastructure development projects
Table 2 Major investments in different sectors
Table 3 Investment in Roads & Highways
Table 4 Investment in Rail
Table 5 Investment in Port & Marine Transportation
Table 6 Investment in Hospital & Healthcare
Table 7 Major Investing Countries
Table 8 Sectors Driving Investment
Table 9 Thailand: Operational Hydraulic Excavators by User Type (2015)
Table 10 Capital cost of excavators
Table 11 Key Insights
